Coinbase Global (NASDAQ:COIN) Stock Price Target Lowered at Citizens Jmp

Coinbase Global (NASDAQ:COIN) had its price objective cut by stock analysts at Citizens Jmp from $325.00 to $280.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “market outperform” rating on the cryptocurrency exchange’s stock. Citizens Jmp’s price objective would indicate a potential upside of 62.79% from the stock’s previous close.

COIN has been the subject of a number of other research reports. Argus restated a “hold” rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Bank of America reiterated a “buy” rating on shares of Coinbase Global in a research report on Monday. Wells Fargo & Company began coverage on shares of Coinbase Global in a research note on Friday, October 2nd. They set an “equal weight” rating and a $200.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $212.00 price objective on shares of Coinbase Global in a report on Monday, August 31st. Finally, Barclays upped their price objective on shares of Coinbase Global from $95.00 to $149.00 and gave the company an “underweight” rating in a research note on Wednesday. Twenty analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus price target of $224.29.

Coinbase Global Trading Down 3.6%

NASDAQ COIN opened at $172.00 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $174.67 and its two-hundred day simple moving average is $175.13. Coinbase Global has a twelve month low of $139.11 and a twelve month high of $402.16. The company has a market capitalization of $45.38 billion, a price-to-earnings ratio of -44.79 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.Coinbase Global’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.14 earnings per share. Research analysts forecast that Coinbase Global will post -0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Wilson sold 35,068 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total value of $5,061,013.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 13,676 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $186.18, for a total value of $2,546,197.68. Following the sale, the director directly owned 1,115,810 shares of the company’s stock, valued at approximately $207,741,505.80. This trade represents a 1.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 127,188 shares of company stock valued at $23,029,558 over the last quarter. Company insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors have recently added to or reduced their stakes in the company. REX Advisers LLC purchased a new stake in Coinbase Global during the 3rd quarter valued at $950,000. CoreCap Advisors LLC increased its position in shares of Coinbase Global by 26.0% in the third quarter. CoreCap Advisors LLC now owns 7,271 shares of the cryptocurrency exchange’s stock valued at $1,376,000 after acquiring an additional 1,501 shares during the period. Aletheian Wealth Advisors LLC increased its position in shares of Coinbase Global by 20.9% in the third quarter. Aletheian Wealth Advisors LLC now owns 3,377 shares of the cryptocurrency exchange’s stock valued at $630,000 after acquiring an additional 583 shares during the period. Whalen Wealth Management Inc. bought a new position in shares of Coinbase Global during the third quarter valued at about $344,000. Finally, Elevation Wealth Partners LLC raised its stake in shares of Coinbase Global by 583.7% during the third quarter. Elevation Wealth Partners LLC now owns 3,022 shares of the cryptocurrency exchange’s stock valued at $563,000 after acquiring an additional 2,580 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Summary

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Samsung partnership expands USDC distribution. Coinbase and Samsung plan to make USDC the default dollar stablecoin in Samsung Wallet for eligible U.S. Galaxy users, potentially reaching as many as 82 million devices. The rollout could increase USDC balances, payment activity and Coinbase’s stablecoin-related revenue opportunities. 82 Million Galaxy Devices Will Support USDC Transfers This October
• Positive Sentiment: Broader derivatives and trading offerings support diversification. Coinbase completed its Deribit integration, giving eligible U.S. customers access to global options and perpetual-futures liquidity through its regulated platform. Coinbase also plans to revive the Coinbase Pro brand by year-end with crypto options, stock trading and additional tools, which could attract more active traders and diversify transaction revenue. Coinbase brings global crypto derivatives liquidity to US with Deribit integration
• Positive Sentiment: Analyst support remains constructive. BTIG reiterated a Buy rating and a $240 price target, citing strengthening fundamentals and Coinbase’s growing diversification. Separately, commentary highlighted record USDC balances and potential recurring revenue across payments, custody, lending, trading and the Base network. BTIG Reiterates Buy on Coinbase
• Neutral Sentiment: Government Bitcoin transfers create uncertainty. The U.S. government moved approximately $1.87 billion of seized Bitcoin, including transfers to Coinbase Prime, but analysts found no confirmed sale. The transactions could increase market-supply concerns, although they may also generate custody or execution activity for Coinbase. US government moves seized Bitcoin to Coinbase Prime
• Negative Sentiment: Michigan is removing Coinbase sports prediction markets. Coinbase will discontinue sports prediction markets for Michigan customers amid regulatory pressure from the state attorney general. The move is likely a limited revenue setback but underscores the compliance risks facing Coinbase’s expansion into prediction markets. Coinbase Users in Michigan Will Lose Sports Markets

About Coinbase Global

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.